XAUUSD; Multi Time Frame Price Action Analysis
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Hey Traders,
Lots of market speculators are assessing Gold as an asset to put in their portfolio, especially as it rebounds off from key Moving Averages and price points below.
After rampant moves and lots of momentum to the upside, you will often find yourself at key price action levels that will offer a new downside case for the next market move in a swing format.
These areas determine the entries and exits of the mass money market, and planning them within trends across all Timeframes is essential. It is important to note they are note exacts points, but rather areas of price.
Here's how to understand them and use them in your trading for better entries and exits.
Lots of market speculators are assessing Gold as an asset to put in their portfolio, especially as it rebounds off from key Moving Averages and price points below.
After rampant moves and lots of momentum to the upside, you will often find yourself at key price action levels that will offer a new downside case for the next market move in a swing format.
These areas determine the entries and exits of the mass money market, and planning them within trends across all Timeframes is essential. It is important to note they are note exacts points, but rather areas of price.
Here's how to understand them and use them in your trading for better entries and exits.
Commento
Any shorts, only light.Commento
FOMC to come later. Remember, there are two short setups that exist. First now, second later. Proportionate risk accordingly.Commento
Fed sentiment feeding in with no real effect just yet, maintaining short bias nonetheless.Commento
Level decay occuring. Reposition shorts higher and take former ones off the market.Commento
Any shorts, lock in minor gains. Looking for shorts still much higher as no real short impetus currently.Commento
Still awaiting higher levels as shown. Early exit gains should be banked. Do not rush in.Commento
And again, into this week, not too many news events but still willing to wait for impetus to inflow.Commento
Gold momentum persisting to our preferred levels (this is why we took early short gains and how we read price action in a reliable manner).Commento
Short entries ok to take, ideal to be a little lighter due to 10$ early entry.Commento
Lock in any gains.Commento
Awaiting US GDP. Re shorts higher (if we can get nearer 2050)Commento
Re short bias (potential front runner)Commento
Front runner entries fine to take. Further Re shorts after this momentum higher 2040-2050.Commento
Re shorts ideal.Commento
No re shorts until most recent ATH areas.Commento
Going into weekend looking longer term downtrend. Greed in market persists across the board. Real change in news required but does not exist as of yet, maintaining short bias still. Do not get greedy and take enormous short entries.Commento
'No mans land' approaches. Any shorts, make them tiny, space them out considerably wide due to harsh sentiment inflows.Commento
No new shorts until circa prev high 2130+Commento
Very light minimal entries are OK on stall.Commento
Brace For ADP.Commento
No new shorts until 2220+Commento
Holding entries with same approach. Any more risk sentiment likely to push against shorts, that is why.Commento
Brace for CPI US tomorrow.Commento
CPI data to come later. If you have not set any trail stops, I would, or atleast close all gains. This is to prepare for any potential swing.Commento
Re shorts only on re pushes back to resistance (use lower timeframes to study newfound downtrend and S/R)
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Posts Not financial advice.
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